First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Shares Down 0.4% - Here's What Happened

Key Points

• The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) experienced a 0.4% decline in mid-day trading, with shares last priced at $87.80.
• The fund recently increased its quarterly dividend to $0.3085, representing a 1.4% dividend yield, up from $0.20 previously.
• Several institutional investors have recently boosted their holdings in the fund, including a notable 155.3% increase by Geneos Wealth Management Inc.

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - ) traded down 0.4% during mid-day trading on Monday . The stock traded as low as $87.12 and last traded at $87.80. 2,984 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 3,087 shares. The stock had previously closed at $88.12.

First Trust Multi Cap Value AlphaDEX Fund Trading Down 0.4%

The stock has a market cap of $127.31 million, a price-to-earnings ratio of 11.94 and a beta of 1.22. The stock's 50-day moving average price is $84.72 and its 200-day moving average price is $80.46.

First Trust Multi Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.3085 dividend. This is an increase from First Trust Multi Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20. The ex-dividend date was Thursday, June 26th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 1.8% during the 2nd quarter. Osaic Holdings Inc. now owns 34,421 shares of the company's stock valued at $2,797,000 after purchasing an additional 620 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 155.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 628 shares of the company's stock valued at $51,000 after purchasing an additional 382 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 61,711 shares of the company's stock worth $5,015,000 after buying an additional 2,053 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 29.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,394 shares of the company's stock worth $113,000 after buying an additional 320 shares during the period. Finally, Northeast Planning Associates INC. NH grew its position in shares of First Trust Multi Cap Value AlphaDEX Fund by 1.7% during the 2nd quarter. Northeast Planning Associates INC. NH now owns 21,217 shares of the company's stock worth $1,724,000 after buying an additional 355 shares during the period.

First Trust Multi Cap Value AlphaDEX Fund Company Profile

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Multi Cap Value index. The fund tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. FAB was launched on May 8, 2007 and is managed by First Trust.

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